Ordinary resolution

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Guest

Guest (Querist)

18 February 2012 can anyone tell mail me the format of ordinary resolution for increase in authorised capital
mail id-archi.singh503@gmail.com

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

18 February 2012 “RESOLVED THAT, subject to the approval of the company at a general meeting by way of ordinary resolution, the Authorized Share Capital of the company be increased from Rs .... to Rs .... by creation of ......further equity shares of Rs.10/- each ranking paripassu with the existing equity shares of the company.”

EGM Resolution:

“RESOLVED THAT pursuant to provisions of Section 94 (1) (a) of the Companies Act,1956, the Authorized Share Capital of the company be increased from Rs....... to Rs...... by creation of .....further equity shares of Rs.10/- each ranking paripassu with the existing equity shares of the company.”

“RESOLVED FURTHER THAT in compliance with the provisions of Section 16 of the Companies Act, 1956, the existing capital clause No.V appearing in the Memorandum of Association be substituted with the following new clause:

“V.The Authorized Share Capital of the company is Rs. .... (Rupees .....Only) divided into ...(.....only) Equity shares of Rs.10/- each.”

“RESOLVED FURTHER THAT in compliance with the provisions of Section 31 of the Companies Act, 1956, the existing capital clause appearing in Article 4 of Articles of Association be substituted by the following new article:

“4. The Authorized Share Capital of the company is Rs. .... (Rupees .....Only) divided into .....(...... only) Equity shares of Rs.10/- each.”

“RESOLVED FURTHER THAT the Board of Directors of the company be and is hereby authorised to do all acts, deeds and things necessary to give effect to increase the authorized share capital and necessary alterations in memorandum and articles of association of the company.”

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Jiten Gupta

Jiten Gupta (Expert)

18 February 2012 RESOLVED THAT pursuant to section 94 read with section 97 of Companies Act 1956, Authorised Share capital of the company be and hereby increased to Rs. 100000000 from Rs 60000000.

FURTHER RESOLVED THAT Authorised Share Capital of Company be further divided into 500000 Equity Shares of Rs. 100 and 500000 Preference Shares of Rs. 100 from existing 200000 Equity Shares of Rs. 100 and 400000 Preference Shares of Rs. 100.

FURTHER RESOLVED THAT existing clause V of MOA shall be substituted by the following clause:

(V) Authorised Share Capital of company shall be Rs. 100000000 divided into Rs. 500000 equity Shares of Rs. 100 each and 500000 Preference Shares of Rs. 100 each.

FURTHER RESOLVED THAT Mr. A, Director/Manager/Secretary of Company be and hereby authorised to File-Form 5 with ROC and to do necessary act in respect of such alteration..

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